Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, September 3, 2010
Hoboken Decreases Again...Downtown Jersey City Increases Again-Absorption Rate Update-September 3, 2010
The absorption rate for Hoboken decreased by another 7.5% this week as buyers continue to focus on Hoboken's amenties and proximity to New York City as a safe haven for their purchases.
Downtown Jersey's Absorption Rate slid another 28.8% this week to 72.7 weeks as buyers in downtown Jersey City hold off on purchases in the area.
Hoboken Absorption Rate Update 09/03/2010:
35.63 weeks vs. 38.49 weeks last week (7.5% decrease)
Downtown Jersey City Absorption Rate Update 09/03/2010:
72.7 weeks vs. 56.43 weeks last week (28.8% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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